One more monetary/economic/financial post before I quit.
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, released the following statement today after the president’s Office of Management and Budget issued its Mid-Session Review which projected a record annual deficit for the 2010 federal budget:
“We are facing a fiscal disaster. This year alone the deficit is projected to surpass last year’s record and soar to $1.47 trillion. Deficits over the next ten years are expected to reach $8.4 trillion.
“Four years ago, then-Senator Barack Obama said our nation’s ‘rising debt is a hidden domestic enemy.’ As president, he has done little to confront this domestic enemy, spending over $6.1 trillion in the first 18 months of his presidency.
Posted by: LG | Saturday, 24 July 2010 at 04:03 PM
Posted by: madeleine7 | Sunday, 25 July 2010 at 07:24 PM